Warren Buffett calls a missed Walmart buy his worst mistake
Warren Buffett waited for the stock to fall after he wanted 100 million shares. That cost him about $10 billion in missed gains.
Warren Buffett revealed that his most expensive blunder was not completing a Walmart purchase. At Berkshire Hathaway's 2004 annual meeting, Warren Buffett confessed that he initially wanted to buy 100 million shares of Walmart. Berkshire Hathaway bought only a small amount because the price went up and Warren Buffett waited for it to come back down.
That pullback never happened, and his reluctance to pay a little more turned out to be a $10 billion mistake. Warren Buffett later tried to fix the error when Berkshire Hathaway built a new Walmart stake starting in 2005. That position was worth nearly $6 billion by 2016, the year Berkshire Hathaway sold most of it, according to Yahoo Finance.
Figures as reported by Yahoo Finance.
